MIRA INFORM REPORT
|
Report No. : |
316970 |
|
Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
COMMTEL NETWORKS PRIVATE LIMITED (w.e.f. 25.02.2002) |
|
|
|
|
Formerly Known
As : |
COMMTEL DEDICATED NETWORK SOLUTIONS ( |
|
|
|
|
Registered
Office : |
23 White Castle, 34-35, Union Park, Sion-Trombe Road, Chembur, Mumbai
- 400071, Maharashtra |
|
Tel No.: |
91-22-25201210 / 61414000 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.07.1998 |
|
|
|
|
Com. Reg. No.: |
11-116062 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.539 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32201MH1998PTC116062 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
0398037477 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC10355C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC8966G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service provider of engineering and technology solutions in oil and
gas, power, transportation and defence sectors. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects company’s healthy financial risk profile marked by
sound liquidity position and fair profitability margins of the company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Fund Based Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
August 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based Facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
August 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Srinivas |
|
Designation : |
Assistant Manager – Accounts |
|
Contact No.: |
91-22-25201210 |
|
Date : |
10.04.2015 |
LOCATIONS
|
Registered Office / Corporate Office : |
23 White Castle, 34-35, Union Park, Sion-Trombe Road, Chembur, Mumbai
- 400071, Maharashtra, India |
|
Tel. No.: |
91-22-25201210/ 61414000 |
|
Fax No.: |
91-22-25201220/ 30 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. Ft. |
|
Location: |
Owned |
|
|
|
|
Convergence Centre : |
RICC, B 3 and B 4, Incubation Centre, Plot No. Gen-2/1/B, D Block, MIDC
TTC, Juinagar, Navi Mumbai - 400701, |
|
Tel. No.: |
91-22-67734100/ 25201210 |
|
Fax No.: |
91-22-67734141/ 25201220 |
|
|
|
|
International Office 1 : |
P6-048, Saif-Zone, P.O. Box 120988, Sharjah, United Arab Emirates |
|
Tel. No.: |
971 6 5573038 |
|
Fax No.: |
971 6 5573039 |
|
|
|
|
International Office 2 : |
Park Ten Energy Corridor 1400 Broadfield Boulevard, Suite
200 PMB 16 |
|
Tel. No.: |
1 972 672 7140 |
|
|
|
|
Regional Office : |
Located at: · New Delhi · Vadodara · Kolkata |
DIRECTORS
As on 04.07.2014
|
Name : |
Mr. Shriprakash Ramshringar Pandey |
|
Designation : |
Chairman cum Managing director |
|
Address : |
101, Onyx, Plot No. 36, |
|
Date of Birth/Age : |
19.10.1969 |
|
Qualification : |
BE (Electronics), DE (Electronics and Communications), AMP (ISB and
Kellogg) |
|
Experience : |
22 Years |
|
Date of Appointment : |
31.07.1998 |
|
DIN No.: |
00032655 |
|
|
|
|
Name : |
Mr. Satish Govindan Kutty Pookulangara |
|
Designation : |
Director |
|
Address : |
A/15, Munjal Nagar No. 2, Chembur, Mumbai - 400089, |
|
Date of Birth/Age : |
21.01.1968 |
|
Date of Appointment : |
15.01.2006 |
|
DIN No.: |
00032327 |
|
|
|
|
Name : |
Mr. Dinesh Ramshringar Pandey |
|
Designation : |
Director |
|
Address : |
101, Onyx, Plot No. 36, |
|
Date of Birth/Age : |
06.04.1974 |
|
Date of Appointment : |
02.08.2001 |
|
DIN No.: |
00032707 |
KEY EXECUTIVES
|
Name : |
Mr. Srinivas |
|
Designation : |
Assistant Manager – Accounts |
MAJOR SHAREHOLDERS
As on 04.07.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Shriprakash R. Pandey |
|
1424100 |
|
Saseendran R. K. |
|
110000 |
|
Satish P. G. |
|
319750 |
|
Total |
|
1853850 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Satish G. Pookulangara |
|
75000 |
|
Shriprakash R. Pandey |
|
25000 |
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
As on 04.07.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
94.07 |
|
Other top fifty shareholders |
5.93 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service provider of engineering and technology solutions in oil and
gas, power, transportation and defence sectors. |
||||
|
|
|
||||
|
Products / Services : |
|
||||
|
|
|
||||
|
Brand Names : |
-- |
||||
|
|
|
||||
|
Agencies Held : |
-- |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit (30 / 60 / 90 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Citibank N. A., Trent House, 2nd Floor, G Block, Plot No.C 60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India · IDBI Bank Limited, Indian Red Cross Society Bldg 1, Red Cross Road, Delhi - 110001, India · Standard Chartered Bank, Sme Credit, Crescenzo, 3 A/F, Plot No. C-38 and 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
R S Chhabra and Company Chartered Accountants |
|
Address : |
I-C/4 Narendra Park, Naya Nagar, Miraroad (East), Thane – 401107, Maharashtra, India |
|
Tel. No.: |
91-22-28110445 |
|
Fax No.: |
91-9821021396 |
|
PAN No.: |
ACDPC6252D |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Concerns in which the company or key management personnel or relatives
thereof have controlling interest : |
|
CAPITAL STRUCTURE
As on 04.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900000 |
Equity Shares |
Rs.10/- each |
Rs.19.000 Million |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
Total |
|
Rs.20.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1853850 |
Equity Shares |
Rs.10/- each |
Rs.18.539
Million |
|
100000 |
Preference Shares |
Rs.10/- each |
Rs.1.000
Million |
|
|
Total |
|
Rs.19.539 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.539 |
19.539 |
19.539 |
|
(b) Reserves & Surplus |
193.998 |
156.473 |
119.802 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
213.537 |
176.012 |
139.341 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
24.897 |
53.547 |
59.257 |
|
(b) Deferred tax liabilities (Net) |
49.586 |
46.349 |
35.442 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.863 |
2.209 |
1.242 |
|
Total Non-current
Liabilities (3) |
76.346 |
102.105 |
95.941 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
186.643 |
122.913 |
131.755 |
|
(b) Trade
payables |
104.056 |
110.869 |
109.177 |
|
(c) Other
current liabilities |
29.198 |
33.195 |
44.648 |
|
(d) Short-term
provisions |
11.886 |
7.185 |
0.141 |
|
Total Current
Liabilities (4) |
331.783 |
274.162 |
285.721 |
|
|
|
|
|
|
TOTAL |
621.666 |
552.279 |
521.003 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
39.500 |
38.636 |
40.765 |
|
(ii)
Intangible Assets |
19.044 |
22.683 |
26.860 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.762 |
1.862 |
1.862 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14.806 |
16.489 |
15.853 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
75.112 |
79.670 |
85.340 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.181 |
112.405 |
105.073 |
|
(c) Trade
receivables |
383.817 |
309.425 |
278.316 |
|
(d) Cash
and cash equivalents |
51.097 |
31.446 |
30.578 |
|
(e)
Short-term loans and advances |
21.723 |
15.729 |
20.301 |
|
(f) Other
current assets |
2.736 |
3.604 |
1.395 |
|
Total
Current Assets |
546.554 |
472.609 |
435.663 |
|
|
|
|
|
|
TOTAL |
621.666 |
552.279 |
521.003 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
744.417 |
692.389 |
607.566 |
|
|
|
|
Other Income |
NA |
NA |
2.417 |
|
|
|
|
TOTAL |
NA |
NA |
609.983 |
|
|
|
|
|
|
|
||
|
|
EXPENSES |
NA |
NA |
NA |
||
|
|
|
|
|
|
||
|
|
PROFIT BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
98.095 |
92.455 |
88.300 |
||
|
|
|
|
|
|
||
|
|
PROFIT BEFORE
EXCEPTIONAL AND EXTRAORDINARY ITEMS AND TAX |
61.682 |
56.070 |
49.509 |
||
|
|
|
|
|
|
||
|
|
PROFIT / (LOSS)
FOR THE YEAR |
38.621 |
36.684 |
(41.039) |
||
|
|
|
|
|
|
||
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
22.275 |
(4.396) |
36.643 |
||
|
|
|
|
|
|
||
|
|
APPROPRIATIONS |
|
|
|
||
|
|
|
Proposed divided for preference share |
0.010 |
0.011 |
0.000 |
|
|
|
|
Proposed divided for equity shares |
0.927 |
0.000 |
0.000 |
|
|
|
|
Dividend tax payable |
0.159 |
0.002 |
0.000 |
|
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
49.800 |
22.275 |
(4.396) |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Project and other services |
23.988 |
16.046 |
NA |
|
|
|
|
Value of exports (FOB) |
283.564 |
278.384 |
NA |
|
|
|
TOTAL EARNINGS |
307.552 |
294.430 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
20.83 |
19.79 |
(23.78) |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.19 |
5.30 |
-6.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
120.09 |
125.79 |
117.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
3.49 |
3.93 |
4.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.99 |
1.00 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65 |
1.72 |
1.52 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
19.539 |
19.539 |
19.539 |
|
Reserves & Surplus |
119.802 |
156.473 |
193.998 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
139.341 |
176.012 |
213.537 |
|
|
|
|
|
|
Long Term borrowings |
59.257 |
53.547 |
24.897 |
|
Short Term borrowings |
131.755 |
122.913 |
186.643 |
|
Total
borrowings |
191.012 |
176.460 |
211.540 |
|
Debt/Equity
ratio |
1.371 |
1.003 |
0.991 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
607.566 |
692.389 |
744.417 |
|
|
|
13.961 |
7.514 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
607.566 |
692.389 |
744.417 |
|
Profit |
(41.039) |
36.684 |
38.621 |
|
|
(6.75%) |
5.30% |
5.19% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Million
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
13.590 |
15.486 |
15.821 |
|
Total |
13.590 |
15.486 |
15.821 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Related
Party –Directors (Loan obtained from related party is on long term basis.) |
9.809 |
12.686 |
|
Total |
9.809 |
12.686 |
KEY FINANCIALS
AND OPERATIONS
The revenue from the operations of the company on a standalone basis in FY 2013-14 has grown by 8% as compared to the preceding year. The PBIDTA and PBT saw a jump of above 6% and 10% respectively as compared to the preceding financial year. Details of the company operations and performance have been provided in the preceding section of this director's report.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10482890 |
26/02/2014 |
250,000,000.00 |
IDBI BANK LIMITED |
INDIAN RED CROSS
SOCIETY BLDG 1, RED CROSS ROAD, |
B98585359 |
|
2 |
10337033 |
22/02/2012 |
7,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT,
CRESCENZO, 3A/F, PLOT NO. C-38 & 39, |
B32731481 |
|
3 |
10280255 |
19/04/2011 |
50,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13, FIRST FLOOR,
209, VINAY K. SHAH MARG, ATLANT BUILDING, NARIMAN POINT, MUMBAI, MAHARASHTRA
- |
B10498889 |
|
4 |
10117773 |
14/11/2011 * |
165,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO,
3A/F, PLOT NO. C-38 & 39, |
B27446624 |
|
5 |
80047347 |
03/01/2012 * |
240,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR,
G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI,
MAHARASHTRA |
B33079013 |
|
6 |
90146209 |
28/08/2003 * |
8,000,000.00 |
ICICI BANK |
BANDARA KURALA COMPLEX, G BLOCK BANDRA, MUMBAI, MAHARASHTRA - 400051, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
· Staff Quarters
· Test Equipment’s
· Computers and Printers
· Computer Software
· EPBAX and Telephone Instruments
· Office Equipment’s
· Vehicles
· Furniture and Fixtures
· Computer Software
· MSTP Development Project
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.